I am having some difficulties uploading charts this evening. Don't know why. So, you would have to search out the chart for SoundGlobal if you want to look at it.
SoundGlobal's share price went up 7c (14.1%) today to close at 56.5c. The long white candle started the day at 50c which is where we find the 20dMA. It dipped below this MA and touched a low of 48.5c before rocketing to a high of 56.5c where it closed, breaching resistance provided by the 50d and 200d MAs in a single session.
Momentum oscillators like the MACD and MFI are rising strongly. OBV has formed a higher low which suggests that there is accumulation ongoing. The bulls seem to have returned to the stock.
I bought more shares of SoundGlobal on 22 May at 46.5c as price opened at 46c which was higher than the closing price ......